WEEKLY: China stainless prices mostly gain ground on futures, mill support

China's spot prices of stainless cold-rolled coil (CRC) in Wuxi, China's key stainless steel trading hub, mostly edged up last week, driven by a rally in futures prices and upward adjustments to mill list prices, Mysteel Global learned.

In the 300-series segment, prices for both cold-rolled and hot-rolled coils posted steady increases. On March 27, Mysteel assessed the spot price of 304/2B Hongwang 2*1240mm stainless CRC in Wuxi at Yuan 14,500/tonne ($2,098/t) in-warehouse and including the 13% VAT, up Yuan 150/t on week. The same day, the